Cushman & Wakefield Echinox takes over the Colosseum shopping center, expanding its retail portfolio in Bucharest
Petre Barac
Posted On October 4, 2019
The Asset Services department of the real estate consulting company Cushman & Wakefield Echinox has taken over the administration of the Colosseum shopping center since October 1st, thus expanding its portfolio in Bucharest with a project in full expansion.
Opened in 2011, Colosseum represents the most important shopping destination in the northwest of the Capital, a developing area both in terms of the subway infrastructure and the residential segment, and regarding the premises for the development of the office sector.
As a result of the expansion, whose inauguration is scheduled next year, Colosseum shopping center will reach a rentable area of approximately 54,500 square meters. The new development project includes local and international brands, such as New Yorker, Colin’s, CCC, Noriel, DM Drogerie Markt, Gregory’s, Diverta, Coffee Ritazza, as well as 60 shops, restaurants, cafes and leisure area.
In addition to the existing commercial offer that includes Carrefour, Leroy Merlin, Altex, JYSK, LC Waikiki, Sport Vision and Pepco, the new project will also benefit of a multiplex cinema operated by Happy Cinema, as well as a World Class fitness center.
The Colosseum thus becomes the third commercial center in Bucharest under the administration of Cushman & Wakefield Echinox, along with Carrefour Orhideea and Penny Retail Park Fundeni. At the same time, since the beginning of the year, three office buildings from Bucharest, namely Ethos House, Eminescu Office and One Victoriei, have entered the Asset Management portfolio of the company.
